Tag: AFDB
AfDB Provides $2.5m for Mozambique Renewable Energy Integration Program
The African Development Bank (AfDB) has explained that the $2.5million funding from the Sustainable Energy Fund for Africa (SEFA) will be used to implement...
Côte d’Ivoire Secures $10.53m From AfDB For Electricity Access
…targets approximately 500,000 inhabitants in 739 localities
African Development Bank has approved $10.53 million in financial support to Côte d'Ivoire. It will enable the country...
AfDB to Focus on Investing in Africa’s Women
The board of directors of the African Development Bank has approved a new gender strategy for 2021-2025 focusing on investing in Africa's women to...
AfDB Invests $5m in Clean Cooking Solution
The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to...
NGOs Task AfDB Against Support for Fossil Fuels in Africa
Civil Society Organisations (CSOs) working to preserve the environment in Africa have written to the President, African Development Bank (AfDB), Mr Akinwunmi Adesina, asking...
Nigeria Looses N243bn in Power Generation in 10 Months
Nigeria’s Electricity Generation Statistics between January and October shows that Nigeria recorded losses in power generation volume valued N243 billion.
The October 2020 electricity generation...
NNPC to National Oil Firms: “Set Aside Risk Funds”
Nigerian National Petroleum Corporation has urged national oil companies to set aside risk funds to minimise the impacts of unforeseen events.
The NNPC’s Group Executive...
FG Secures $6.15bn for Power Infrastructure – Mamman
The Federal Government has secured $6.15 billion for infrastructural development in the power sector, a report says.
The Minister of Power, Engr Sale Mamman, disclosed...
Total Secures $15bn Debt Financing to Develop Mozambique LNG
French oil giant, Total has secured $14.9 billion in senior debt financing for its landmark Mozambique Liquefied Natural Gas (LNG) development, in spite of...
AfDB’s SEFA Approves $760,000 Grant For Distributed Energy Projects In Sub-Saharan...
The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA), has approved a $760,000 grant to Empower New Energy AS (EmNEW), to develop at...
AfDB Approves €8 Million EU-AIP Grant For Ruzizi IV Hydro Power...
The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP)...
AfDB Approves $20m To Support Renewable Energy In Sub-Saharan Africa
As part of the efforts to alleviate the financing constraints in renewable energy sector in Africa, the Board of Directors of the African Development...
AfDB’s Support To Energy Sector Doubles To E410.66m In 3yrs
...Supporting 7 Public Sector, One Private Sector Operations.
African Development Bank is leading a collaboration of the Embassy of Germany in Rwanda, the KfW Development...
African Development Bank Group (AfDB) / Press Release
JOHANNESBURG, South Africa, December 6, 2019/APO Group/ --
Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up...
AfDB Signs Agreement To Open Central Africa Regional Headquarters In Yaoundé,...
The African Development Bank (AfDB) Group signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal...
AfDB Receives €40m From European Commission For SME Financing In Africa
Chibisi Ohakah, Abuja
Bank (AfDB) has announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new...
AfDB Adds To Energy Sector Grant For Comoros
The African Development Bank (AfDB) has provided additional financing of €8.63 million to Comoros for the implementation of the Electricity Sector Support Project. The...
AfDB to double its climate finance to US$ 25 billion for...
Peace Obi
The African Development Bank, AfDB has pledged to double its climate finance commitments for the period 2020-2025.
The Bank’s President, Akinwumi A. Adesina disclosed...
African Development Bank (AfDB) Internship Program
Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are...
AFDB to reach 29.3 million Africans with electricity by 2020
In line with its High 5 development priorities and, in particular, its agenda to Light up and power Africa, the African Development Bank plans...
